The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,623 shares of the insurance provider’s stock after selling 4,166 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Travelers Companies were worth $5,007,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Northwest Financial Advisors purchased a new stake in Travelers Companies during the fourth quarter worth $32,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at about $35,000. Beacon Capital Management LLC raised its holdings in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Private Wealth Management Group LLC purchased a new position in Travelers Companies during the fourth quarter worth approximately $39,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV traded up $1.15 during mid-day trading on Monday, reaching $222.97. 697,229 shares of the stock were exchanged, compared to its average volume of 1,343,327. The stock has a market capitalization of $51.06 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.12 and a beta of 0.61. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a 50 day simple moving average of $210.85 and a 200-day simple moving average of $215.50. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts anticipate that The Travelers Companies, Inc. will post 17.23 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s payout ratio is currently 31.20%.

Analysts Set New Price Targets

TRV has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Bank of America increased their target price on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Piper Sandler decreased their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Finally, TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $223.78.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.